Finance

Sterling Financial Group Inc. announces the acquisition of Rolling Acres Plaza.
May 08, 2013
Sterling Financial Group Inc. announces the acquisition of Rolling Acres Plaza. Nassau, The Bahamas, May 6, 2013 -- Sterling Financial Group Inc. ("SFGI") is pleased to announce the purchase of Rolling Acres Plaza, a 189,390 square-foot shopping center located at 600 North U.S. Highway 441 in The Villages, Lady Lake, Florida. The seller is a German investment fund advised by Prudential Real Estate Investors. The buyer was an affiliate of SFGI.

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Bahamas Participates in the 26th Geneva Week at the World Trade Organisation (WTO), Geneva, Switzerland
May 03, 2013
GENEVA, Switzerland - 2 May 2013; Ms Rita Kaufmann, Financial and Trade Officer, Ministry of Financial Services; and Mr. Michael Guy, Second Secretary, Embassy of The Bahamas London; attended the 26th Geneva Week in Geneva, Switzerland from 29 April to 3 May 2013. 

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Insurance Professionals Get Firsthand Glimpse into E-Government Site
May 02, 2013
Nassau, Bahamas - Officials of the Department of Information Technology in the Ministry of Finance continued hitting the pavement to share the message on the government's e-portal, Bahamas.gov.bs to boost usage and registration on the site through a round of mini presentations to...

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Strong Latin American Buyer Contingents For TIC 2013
May 02, 2013
CaribPR Wire, PORT-OF-SPAIN, Trinidad, Weds. May 1, 2013: Latin American buyer attendance at The Trade & Investment Convention is on the upswing for 2013, as Argentina, Brazil and the Dominican Republic have made commitments to bring delegations from leading businesses from their countries to conduct trade on the showroom floor.

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Amid Controversy, Casinos Focused on Getting Bill Passed
April 30, 2013
Baha Mar Senior Vice President Robert Sands said yesterday that while local casinos expect a revenue increase if permanent residents and work permit holders are allowed to gamble in casinos, there was no specific target on how much additional revenue operators expect from this new category of players.

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Stephen Thompson Appointed Bahamas Anti-Money Laundering Coordinator
April 25, 2013
The Bahamas continues to play an integral role in the international financial services sector by creating and maintaining the highest quality of financial intermediary products and services while adhering to the Anti-Money Laundering & Combating the Financial of Terrorism (AML/CFT) standards of the Financial...

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Filipinos Seek Clearly Defined Work Permit Rules
April 25, 2013
Filipinos Seek Clearly Defined Work Permit Rules The president of Overseas Filipino Workers International Bahamas (OFWIB) Dr. Leo Ignacio said yesterday his members are "alarmed" over the government's new work permit policy and want a clear cut guideline on how the new rules will be implemented.

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Students Union Wants Financial Details of COB's subvention 'sacrifices'
April 22, 2013
College of The Bahamas (COB) Union of Students (COBUS) executives yesterday called on the college's administration to clearly outline the financial details associated with the cuts in travel expenses, food and electricity proposed to offset the reduction in the government subvention.

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Bahamas Real Property Tax Amnesty Program
April 22, 2013
The Government of the Bahamas has initiated a new Real Property Tax Amnesty Program which took effect on March 1, 2013. The purpose of this initiative is to allow property owners the opportunity to have their property assessed without any penalties.

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Coastal Awareness Committee visits Finance Ministry
April 22, 2013
Nassau, The Bahamas - In recognition of April as Coastal Awareness Month the national committee made courtesy calls on various government ministries including Ministry of Finance, Sir Cecil Wallace Whitfield Centre on April 18. Earlston McPhee, chairman and Director of Sustainable Tourism Planning, led the...

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COB Defends fee Increases
April 19, 2013
COB Defends fee Increases College of The Bahamas (COB) Council Chairman Alfred Sears confirmed yesterday fee increases announced this week have been implemented and students' bills for the fall semester already reflect those fees. The announcement came a day after Prime Minister Perry Christie told a group.

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Battle set for primary school track championship
April 19, 2013
Twenty-two primary schools in New Providence will go head-to-head during the Bertha's Go-Go Ribs Primary School Track and Field Championship on the old Thomas A. Robinson track later this month, meet organizers announced yesterday. Over 1,000 primary school students will compete in the meet w...

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Leadership Pays Big Dividends for Small Firms
April 17, 2013
The Bahamas - The importance of leadership is critical for Fortune 500 companies, but a financial leader asserted leadership is crucial for the "Less Fortunate 5,000" small- and medium-sized companies. In fact, many owners of SMEs, stated financial guru Zhivargo Laing, "rely more on their leadership...

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COB Hikes Fees
April 16, 2013
Students at The College of The Bahamas (COB) will have to pay more to attend the college beginning this fall, when fee increases already approved by the College Council take effect. This is the solution COB came up with to counter proposed subvention cuts by the government beginning in July.

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C.O.B. Statement on Budget and Fiscal Discipline
April 15, 2013
Nassau, Bahamas - Due to the ongoing global economic challenges and the resultant financial impact, The College of The Bahamas (The College) and its constituents have been deliberating over proposed cost-savings and revenue generating measures to create leaner and more sustainable budgets for the...

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Govt to Revisit Mortgage Relief
April 15, 2013
Seven months after the Christie administration introduced a scaled down mortgage relief plan, not one struggling homeowner has yet benefited from it, Minister of State for Finance Michael Halkitis has admitted. While conceding the government will have to "go back to the drawing board" and come up...

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Bahamas and Ivory Coast Seek Stronger Ties in Tourism and Financial Services
April 13, 2013
Nassau, The Bahamas - The Commonwealth of The Bahamas and the Republic of Côte dÍvoire (Ivory Coast) collaboration in tourism and financial services, is a move to strengthen diplomatic ties formed almost 25 years ago. These areas of interests were expressed on the occasion of the Presentation of Letters...

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What Does Rihanna, Nicki Minaj & Usain Bolt Have In Common With Invest Caribbean Now 2013?
April 12, 2013
CaribPR Wire, NEW YORK, NY, Fri. April 12, 2013: The Caribbean's region's diverse investment options go way beyond its talents like Barbados-born Rihanna, Jamaica's Usain Bolt and Trinidad & Tobago's Nicki Minaj.

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Prime Minister Christie: Global financial crisis has left an uneasy disequilibrium in many countries
April 11, 2013
Nassau, Bahamas - Prime Minister the Rt. Hon. Perry G. Christie said the global financial crisis and the ensuing slow recovery over the last few years have left "an uneasy disequilibrium in many countries". The Prime Minister brought remarks at a workshop hosted by the Ministry of Financial Services and the Bahamas...

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Former AG Seeks 100,000 Damages
April 10, 2013
Former Attorney General Carl Bethel is appealing the ruling of a judge in his libel case against Cable Bahamas and Carter Broadcasting Media and is seeking $100,000 in damages for a report aired three time on the news, which he claims was defamatory and untrue. Mr Bethel and his attorney...

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